Funding you earn now, next payment 08:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h −0.028%
Price spread now: Binance against OKX0.000%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$900.895% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 7 days−0.058%−$6 · spread now 0.000%, 7d avg −0.024%
=The price spread pays, funding is against you. Binance is 0.024% dearer against OKX than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.024%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.010% in total) that is about 17 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XTZ-USDT-SWAP | 0.3361 | 0.0100 | pay 0.0100% / 8h | 2h 30m | $1.2M | $1.3M | 20x |
| Short | Binance XTZUSDT | 0.3361 | −0.0035 | pay 0.0018% / 4h | 2h 30m | $4.6M | $9.6M | 75x |
OKX XTZ-USDT-SWAP
Binance XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$28.44
- Price spread: 0.000% → −0.024%
- $2.43
- Slippage, 4 orders
- −$69.53
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$115.54
- Costs to cover
- 0.895%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Binance: live order book, 10 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy OKX live order book, 1 min ago | 4.46 bp | 30.5 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.49 bp | 16.1 bp −$16 | 70.3 bp −$703 | doesn't fit | doesn't fit |
XTZ on 12 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XTZUSD | −0.0577% | 1h | 0.3368 | +0.198% | $276K | $264K | 50x | as long as short |
| Bitget XTZUSDT | −0.0222% | 4h | 0.3361 | 0.000% | $911K | $853K | 75x | as long as short |
| Bybit XTZUSDT | −0.0146% | 4h | 0.3361 | 0.000% | $2.7M | $2.7M | 75x | as long as short |
| BloFin XTZ-USDT | −0.0049% | 4h | 0.3364 | +0.089% | $275K | $94K | 75x | as long as short |
| Binance XTZUSDTshort | −0.0035% | 4h | 0.3361 | 0.000% | $4.6M | $9.6M | 75x | |
| MEXC XTZ_USDT | −0.0034% | 4h | 0.3362 | +0.030% | $2.1M | $687K | 100x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.660% | $62 | $17K | 5.5x | as long as short |
| Variational Omni XTZ | +0.0089% | 4h | 0.3363 | +0.074% | $102K | $298K | — | as long as short |
| OKX XTZ-USDT-SWAPlong | +0.0100% | 8h | 0.3361 | long leg | $1.2M | $1.3M | 20x | |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3361 | 0.000% | $621K | $161K | 75x | as long as short |
Kraken Futures PF_XTZUSD
Bitget XTZUSDT
Bybit XTZUSDT
BloFin XTZ-USDT
MEXC XTZ_USDT
Injective XTZ/USDC PERP
Variational Omni XTZ
Gate XTZ_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3365 | +0.119% | $623K | $188K | 30x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3363 | +0.060% | — | $1.1M | — | as long as short |
KuCoin XTZUSDTM
BingX XTZ-USDT